Looking for stocks priced below $20? How about companies with discount valuations and a track record of a positive trend in earnings estimates revisions? The Low Price Stocks Profit Track Strategy identifies such stocks. This screen generated a +56.5% return in 2006. Four stocks meeting this screen’s exclusive criteria are Amkor Technology, Inc. (Nasdaq: AMKR), Books-A-Million, Inc. (Nasdaq: BAMM), Delek US Holdings, Inc. (NYSE: DK) and CPI International, Inc. (Nasdaq: CPII). View the entire list of stocks for the Low Price Stocks Profit Track at http://at.zacks.com/?id=2140.
Here are details about four companies currently identified by the Low Price Stocks Profit Track:
Amkor Technology, Inc. (Nasdaq: AMKR), a Zacks #1 Rank (Strong Buy) company, posted fourth-quarter results in early February. Earnings per share totaled 30 cents, outpacing the consensus by 36%. AMKR said its fourth quarter saw continued strong demand in 3D package solutions and Flip Chip packages for high performance applications, including all three major game consoles, networking and communications modules, offset by a decline in demand for packages supporting wireless and other mobile devices. The company’s price-to-sales ratio stands at 0.95, and it experienced earnings per share profitability of $1.04 over the past 12 months. Results for the second quarter will available on May 1, 2007.
Books-A-Million, Inc. (Nasdaq: BAMM) announced fourth-quarter earnings of 90 cents per share in late March, outperforming the consensus estimate by 11%. The company stated that improvements in margin, better inventory management and discipline in cost control contributed to solid results. BAMM earned $1.12 per share during the past 12 months and sports a price-to-sales ratio of 0.56.
Delek US Holdings, Inc. (NYSE: DK) has a price-to-sales ratio of 0.32. During the past 12 months, DK earned $1.94 per share. The company recently declared a special cash dividend of $0.1975 per share as well as a quarterly cash dividend of $0.0375 per share. In early March, the company reported fourth-quarter earnings of 22 cents per share, exceeding the consensus estimate by 5%. Financial results for the first quarter will be available on May 10, 2007.
CPI International, Inc. (Nasdaq: CPII) will report financial results for the fiscal second quarter on May 14, 2007. In early February, the company released fiscal first-quarter earnings of 33 cents per share, topping the consensus estimate by 14%. CPI International meets the criteria for this Profit Track as evidenced by its price-to-sales ratio of 0.95 and earnings per share profitability of $1.24 over the past 12 months.
Discover all the current stocks currently on the Low Price Stocks Profit Track at: http://at.zacks.com/?id=2141.
About Profit Tracks
What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull Run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +56.5% followed by the Discounted Fundamental screen with a +34% return. To see all nine strategies along with philosophy, past performance, and current stocks, go to http://at.zacks.com/?id=1838
All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report “Top 10 Stock Screening Strategies” at http://at.zacks.com/?id=2156
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